BERKELEY LIGHTS SHAREHOLDER ALERT: CLAIMSFILER REMINDS
NEW ORLEANS, Jan. 14, 2022 (GLOBE NEWSWIRE) — ClaimsFiler, a FREE shareholder information service, reminds investors that they have until February 7, 2022 to file lead plaintiff applications in a securities class action lawsuit against Berkeley Lights, Inc. (NasdaqGS: BLI), if they purchased the Company’s shares between July 17, 2020 and September 14, 2021, inclusive (the “Class Period”). This action is pending in the United States District Court for the Northern District of California.
Berkeley Lights investors should visit us at https://claimsfiler.com/cases/nasdaq-bli/ or call toll-free (844) 367-9658. Lawyers at Kahn Swick & Foti, LLC are available to discuss your legal options.
About the Lawsuit
Berkeley Lights and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On September 15, 2021, Scorpion Capital reported a wide range of criticisms against the Company purportedly based on extensive research and interviews of former employees and end-users, including that its machines were onerous, unusable, a waste of money, and had an error rate 50% higher than standard lab equipment, and that a negligible addressable market and negative customer experiences had further hindered the Company’s growth potential, among other things.
On this news, shares of Berkeley Lights plummeted nearly 30% over two trading days to close at $23.53 on September 16, 2021, on abnormally high trading volume.
The case is Ng v. Berkeley Lights, Inc., No. 21-cv-09497.
ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their share of billions of dollars from securities class action settlements. At ClaimsFiler.com, investors can: (1) register for free to gain access to information and settlement websites for various securities class action cases so they can timely submit their own claims; (2) upload their portfolio transactional data to be notified about relevant securities cases in which they may have a financial interest; and (3) submit inquiries to the Kahn Swick & Foti, LLC law firm for free case evaluations.
To learn more about ClaimsFiler, visit www.claimsfiler.com.